Texas FHA Loan
Benefits & Eligibility

 Is An FHA Loan Right For You?

Texas FHA loans come with low interest rates and a lower minimum down payments. But, there are increased costs in other areas. So, how do you know if this loan is right for you?


Home Loans, Homeownership, FHA Loans, Texas

The Perks

  • Interest rates lower than conventional loans
  • Lower down payment requirements
  • Lower minimum credit score
  • Entire down payment may be a gift
  • You may qualify for other government grants

The Drawbacks

  • There is an additional fee of 1.75% of your loan amount
  • Mortgage insurance must be paid for the life of the loan
  • You may be eligible for a lower rate if you have good credit
  • Your home must meet certain safety requirements
  • There is a county based limit on how much you can borrow

Texas FHA Loan Requirements

  • 3.5% down payment if credit score is above 580
  • 10% down payment if credit score is below 580
  • Loan amount must be within FHA county limits
  • Must be your primary residence
  • Debt-to-income ratio must be below 56%


An FHA loan can be a great way to finance your dream home. However, not all FHA loans are created equal. Moreover, different lenders have different preferences to qualify you. To find out what you should be eligible for, get a free assessment from one of our mortgage consultants.

Why Work With Us?

  • We’re a marketplace, not a lender
  • A single application will get you top offers from multiple lenders
  • You’ll get a risk-free assessment before you apply
  • A mortgage consultant will be by your side until your close
  • Our service is completely free (no points, no fees, no mark-ups!)


Our mission is to help make homeownership more accessible. Discover your options, today.




OUR LOCATION: 2121 N Pearl Ave #2C, Dallas, TX, 75201, USA
NMLS ID: 1635517
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For more information, set up a call with a mortgage consultant.